KRA, NATIONAL BANK OF KENYA PARTNERSHIP THAT MAY BENEFIT AGPO PROVIDERS

Wednesday 6 June, 2018

Kenya Revenue Authority (KRA) and the National Bank of Kenya (NBK) possess signed the Memorandum of Understanding that will manage to benefit Government Purchase Opportunities (AGPO) listed suppliers.The actual MoU between the two had been signed on Wednesday at Kenya Revenue Expert headquarters, Instances Towers, Nairobi as to what both parties explained is going to boost the AGPO suppliers.More than 350 vendors registered by KRA among children’s, women, as well as persons together with disability will certainly substantially enjoy the MoU that was authorized by KRA Commissioner Common John Njiraini as well as National Bank Managing Director & Ceo Wilfred Musau.Following the contract, the vendors will receive sensitizations and also training through KRA on public procurement rules and best practices as well as taxes laws.National Bank of Kenya will certainly, on the other hand, offer the suppliers together with capacity constructing programs upon entrepreneurship.

Additional, National Bank has established any financing facility focusing on being qualified suppliers to KRA. The Bank will finance the actual qualifying providers to service tenders obtained from KRA workplaces across the country.Speaking during the function, Mr. Musau stated, “This partnership is a testament that the Bank is living as much as its base objective of providing access to financial services to all or any Kenyans. We are committed to continuing affecting generations to enable progress because the Bank celebrates Fifty years since our own foundation in 1968.”

The target of the AGPO Plan is to help the youth, women, and also persons together with disability-owned enterprises so that you can participate in government procurement. This through the setup of the Presidential Information that 30% of federal government procurement options be set aside specifically for these kinds of enterprises.It is really an affirmative motion aimed at strengthening enterprises of youth, ladies, and persons with disability by giving all of them more opportunities to do business with Federal government.